That is according to Maurizio Zamparini, the president of Serie A club Palmero- where the 22 year-old currently plys his trade.

Zamparini told local radio that a deal worth 43 million euros is close to being done with the French club.

“[We] closed the deal last night [Friday] around midnight. Basically it’s the official transfer of Pastore to Paris St Germain based on a €43 million [fee],” he said.

The news will come as a blow to Chelsea and new manager Andre Villas-Boas, who wants to strengthen his side in the middle of the park to supply service for misfiring £50m hitman Fernando Torres, next season.

But Chelsea may still be in with a chance, according to reports which say the player’s agent is still in negotiations with the London club.